QPR – who were relegated from the Premier League last season – spent heavily in both pre-season and in the January transfer window for little reward.

Their influx of overpriced veterans and big names failed to show the steel required to keep the Loftus Road outfit in the top flight as many of the players who helped QPR to the Premier League – and who then played a big role in keeping them there in the 2011-12 season – were cast aside.

While new signings at Selhurt Park are inevitable, and necessary, Parish revealed that the club will be spending sensibly.

"We had a good structure in the league we were in (last season)," said Parish, who owns Palace with Martin Long and Steve Browett.

"And (we) have got to get a good one for the one we're entering."

Palace have been linked with moves for Tom Ince and David Vaughan, while Stephen Dobbie, who was at the club on loan last season, has also been reported to be close to sealing a move from Brighton.

Ian Holloway's side were promoted to the Premier League thanks to a Championship play-off final victory against Watford.